| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 31st | Poor |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1325 E Interstate 30, Garland, TX, 75043, US |
| Region / Metro | Garland |
| Year of Construction | 1983 |
| Units | 65 |
| Transaction Date | 2011-03-31 |
| Transaction Price | $15,150,000 |
| Buyer | LANDMARK LAKESHORE/LAKEVIEW L P |
| Seller | WESTDALE LAKEWAY GROUP LLC |
1325 E Interstate 30, Garland TX Multifamily Investment
Neighborhood demand is supported by growing households within 3 miles and manageable rent-to-income levels, according to WDSuite’s CRE market data, pointing to steady renter depth with room to optimize operations.
Located in Garland’s inner suburb of the Dallas–Plano–Irving metro, the property benefits from a balanced amenity mix: parks access is strong (top quartile nationally), and grocery and dining density sit above many peer areas, while cafes and pharmacies are limited. For family renters, the average school rating in the neighborhood tracks in the lower range nationally, which can modestly temper leasing velocity for school-sensitive households.
Neighborhood occupancy runs below many Dallas–Plano–Irving neighborhoods, signaling potential lease-up and retention work but also operational upside for experienced operators. Roughly one-third of housing units are renter-occupied, indicating a meaningful tenant base without overconcentration; this supports demand for conventional multifamily while keeping competitive pressure manageable.
Within a 3-mile radius, population and household counts have risen over the past five years and are projected to grow further, suggesting a larger tenant base ahead. Rising median incomes in the same radius, alongside rent levels that translate to a comparatively moderate rent-to-income ratio, can support lease retention and measured pricing power rather than rapid turnover.
Home values in the neighborhood are elevated relative to many U.S. areas, reinforcing sustained reliance on rental options for households not pursuing ownership. At the same time, ownership remains attainable for a share of the market, which can create some competition for higher-income renters—underscoring the value of product differentiation and amenity programming.
Neighborhood safety indicators sit around the national midpoint compared with neighborhoods nationwide, and recent year-over-year trends show improvement: both property and violent offense estimates declined, according to WDSuite’s CRE market data. This directional improvement helps support leasing stability and resident retention, although operators should continue standard security and lighting best practices common to inner-suburban assets.
- D.R. Horton, America's Builder — homebuilding corporate offices (2.1 miles)
- Avnet Electronics — electronics distribution (11.3 miles)
- Thermo Fisher Scientific — life sciences (11.3 miles)
- General Dynamics — defense & aerospace offices (11.9 miles)
- Texas Instruments — semiconductors (12.6 miles) — HQ
Proximity to diversified employers supports commuter convenience and renter retention, led by homebuilding, electronics distribution, life sciences, defense, and semiconductors located within typical drive-times.
This 65-unit property offers scale suited to professional management in an inner-suburban location with steady renter depth. Household and income growth within a 3-mile radius point to a larger tenant base ahead, while a moderate rent-to-income profile supports lease retention. According to CRE market data from WDSuite, neighborhood occupancy trails stronger Dallas submarkets, suggesting room for operational gains through marketing, unit upgrades, or amenity enhancements.
Employers spanning homebuilding, semiconductors, defense, and life sciences sit within commutable distances, supporting weekday occupancy and renewal potential. Amenity access is park- and grocery-forward, though limited café and pharmacy density and lower average school ratings warrant targeted positioning toward workforce and convenience-seeking renters.
- Inner-suburban location with diversified employment access supporting demand
- Moderate rent-to-income dynamics bolster retention and measured pricing power
- Occupancy below stronger metro peers presents operational upside
- Parks and grocery access enhance livability for value-focused renters
- Risks: lower average school ratings, limited café/pharmacy density, and competitive pull from attainable ownership